Think Like a Shark on Shark Tank: 10 Investments Worth Going For

There are some investments out there that are worth a shot, even for beginning investors. Read on to learn the top ten you should go for.

Believe it or not, the Sharks on Shark Tank are worth from 80 million to 3.7 billion. Yes, you read that right. They didn’t get this rich overnight though.

Their wealth comes from their businesses and investments. You might think becoming that wealthy is impossible. Yet, that’s far from the truth.

It took the Sharks many years of hard work and savvy investing to become that wealthy. Want to learn how to think like them? Are you ready to put in all the time and hard work?

If the answer is yes but don’t know how to invest, we have you covered. We’ll tell you all about 10 smart investments that you can make to take your wealth from zero to a gazillion in no time.

You don’t need to be an expert to invest the right way and grow your wealth. Here are 10 investments to put your money to work for you.

1. Smart Stock Investments

You may have heard how some investors made a fortune by investing in stocks such as Amazon and Netflix. This strategy doesn’t happen overnight and requires risk tolerance.

Before investing in any stock, you must establish your strategy and open your brokerage account. How much can you afford to lose? Are you looking for long-term investments?

If so, you should look for stocks that became public not long ago. Consider stocks that experts classify as winners. The key to making smart stock investments is beating the market.

An example is how investors bought Amazon stocks at 18 dollars per share in 1997 when the company became public. Currently, this stock has a 52-week high of 2,050.50 dollars and a promising future. If you had invested 1,800 dollars in Amazon stocks back in 1997, you would have turned your investment into 205,050 dollars when it hit its 52-week high.

2. Actively Managed Funds

Other great investments are funds that managers manage trying to beat indexes such as the S&P 500. You should look for funds that have a great reputation and record.

Remember that you are buying a fund because of its manager. You should stay away from funds that make promises without any real results.

3. Index Funds

The management style in these funds is different. Index funds are managed in a passive manner. Managers try to replicate the returns of an index.

An example is an S&P 500 index fund where the manager buys most if not all the holdings held by the index. These investments are attractive for long-term investors because of their great pricing and growth potential.

4. Real Estate

Investing in real estate is one of the strategies preferred by many wealthy investors. Shark Barbara Corcoran made most of her wealth in this industry. The great thing about these investments is that most of them turn into passive income.

It will all come down to your investment strategy. Do you want to receive a steady stream of income?

Maybe you prefer buying a property and reselling it at a higher price instead of renting it. To buy the right investment property, it’s important to consider your market. Real estate is one of the highest return investments when you apply the right market strategy.

5. Mutual Funds

These funds may sound similar to index funds. But, managers don’t follow indexes when choosing their investments. Some investors hesitate to invest in these funds because the minimum investment may be high in certain mutual funds.

Yet, many funds with high minimums waive their requirement if you set monthly investments. It’s recommended to consult your financial advisor to learn if these funds fit your investment strategy.

6. Certificates of Deposit

Investing in certificates of deposit may be a great option for those savings you keep putting aside. These certificates offer a set interest rate on the money invested for a certain term. You may earn your interest rate on your investment in 12, 24, 36, 48, and 60 months.

Every financial institution has their own offers and requirements. It’s recommended to search online to find the best offer and promotional rates.

7. Sector Funds

These funds only invest in a certain industry or sector. These investments include stocks, funds, and other assets in the chosen industry. Some examples are healthcare or oil funds.

8. Peer-to-Peer Lending

Some investors that look for higher returns consider getting into Peer to Peer lending. Here you would invest your money using a lending platform to fund loans.

The con of this type of investment is the possibility of default from the borrower. Not all lending platforms work or offer the same return. It’s important to do your homework before investing in peer to peer lending.

9. Commodities

When you invest in commodities, you invest in materials such as gold, copper, silver, oil, among others. These investments are complex because of their volatility.

But, commodities are a great way to diversify your portfolio. Before making this type of investment, it’s important to research the material to learn more about its performance in the market. You may even consider investing in a commodities index fund

10. Treasury Inflation Protected Bonds

Some investors prefer to stay on the conservative side of investing. If you are one of them, Treasury Inflation-Protected bonds (TIPS) may be the right investment. These bonds protect your investment from fluctuations in value due to inflation.

TIPS are available in 5, 10 and 30-year maturities. The ideal term will depend on your investment strategy. You can consult the Treasury Direct website or your financial advisor to learn more and buy these investments.

Can the Right Smart Investments Turn You into Shark Wealthy?

Yes, making the best smart investments make your net worth soar to shark wealthy. Every investor has their own style and risk profile. How much can you afford to lose?

What type of wealth do you want to accumulate? Are you looking for passive income? These are some of the questions that can help you develop your investment plan.

It’s recommended that you consult your financial advisor to learn more about your options. To grow your wealth, you must develop the right investment plan and stick to it. We’re confident that if you look into the investments we discussed you can develop the right investment plan in no time.

Your email address will not be published. Required fields are marked *

Comment

Name *

Email *

Website

Save my name, email, and website in this browser for the next time I comment.

About Me

Sweet Captcha is about living the sweet life. I’m Alexa and I’m all about travel, life, design, blogging, business, marketing and more. There is a lot to life and I don’t think you should put yourself in a box.

Follow us on Facebook

Newsletter

First NameE-Mail Address

Newsletter

First NameE-Mail Address

About Me

Sweet Captcha is about living the sweet life. I’m Alexa and I’m all about travel, life, design, blogging, business, marketing and more. There is a lot to life and I don’t think you should put yourself in a box.